Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Joel Robinson

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

First look: Inca eyes Mona Vale with State Significant DA for Dawn apartments

Seasoned Victorian apartment developer <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a> has logged more than $400 million in sales in its luxury apartment project Palmera Residences at Northcliffe on the Gold Coast.&nbsp;

Central Equity Director Karl Kutner said the sales result reflected a combination of location, product quality and delivery certainty with the project already under construction by building powerhouse Multiplex.&nbsp;

"Surpassing $400 million in sales since launch is a significant milestone and an outstanding endorsement of <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera Residences</a>,” he said.&nbsp;

"We believe one of the key reasons for this strong result is the confidence purchasers have in knowing the project is under construction with Multiplex. Buyers are increasingly looking for certainty. They want to know that the project they commit to today will be delivered by an experienced team with a proven track record."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365782]

Kutner said it was clear there was still high demand for luxury projects that offered certainty of delivery.&nbsp;

“We are in a market where many residential developments have faced delays due to rising construction costs, labour shortages and financing challenges,” said Kutner.&nbsp;

"But having construction underway has provided our buyers with resounding confidence backed by more than 40 years of development delivery by Central Equity combined with construction by one of Australia's most respected construction companies."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365785]

Central Equity is one of Australia's most experienced privately-owned property developers. Over more than four decades, the company has delivered in excess of 85 residential developments including 10,000 apartments and many thousands of stand alone homes.&nbsp;

Located on Garfield Terrace at Northcliffe, between Surfers Paradise and Broadbeach, Palmera Residences occupies one of the Gold Coast's most sought after beachside locations. The development has been designed to appeal to owner occupiers seeking premium residences that combine generous living spaces and resort style amenities.&nbsp;

Palmera Residences will feature an exceptional collection of resort style amenities, including two swimming pools: a generously sized family pool with safe shallow zones for relaxed recreation, and a 20 metre lap pool positioned to maximise all day sunlight.&nbsp;

Residents will also enjoy exclusive access to wellness and recreational facilities including a magnesium pool, sauna, yoga studio, expansive fitted gymnasium, resident lounge, outdoor BBQ’s&nbsp;and indoor and outdoor dining areas, together with a dedicated concierge and luxurious hotel inspired entrance foyer.&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365767]

A unique feature at Palmera Residences has been designed to enhance the Gold Coast lifestyle which includes both indoor and outdoor gymnasium facilities, together with thoughtfully designed indoor and outdoor dining and entertaining areas. A corner café has also been incorporated to provide residents with a destination for their everyday needs.&nbsp;

Kutner said buyer demand had been broad based with purchasers attracted from interstate as well as throughout South East Queensland.&nbsp;

"We're seeing strong interest from owner occupiers, lifestyle buyers and people relocating to the Gold Coast. Many purchasers have been searching for a premium beachside residence where quality, design and delivery are equally important."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365771]

Kutner said the sales milestone was an important achievement, but the focus remained firmly on delivering an exceptional development.&nbsp;

"While reaching $400 million in sales is an important milestone, our priority remains delivering a project that exceeds purchaser expectations,” he said.&nbsp;

"Palmera Residences has been designed to become one of the Gold Coast's landmark residential addresses, and we look forward to welcoming our purchasers to their new homes."&nbsp;

There are a limited number of residences remaining in selected configurations with pricing from $2,950,000 to $8,950,000. Palmera Residences is also crowned by expansive penthouses with wrap around views.

[smartcode_project_cta:default project_id=108274]

Construction certainty and strong buyer demand drive major sales result for luxury Gold Coast development

Palmera Residences fly out the door as sales pass $400 million

National property developer <a href="https://www.apartments.com.au/developers/goldfields-group">Goldfields</a> has appointed BINAH as its construction partner for Quartet, its new Brisbane apartment development in the undersupplied suburb of <a href="https://www.apartments.com.au/developments/milton-qld-4064">Milton</a>.

Located just two kilometres from the Brisbane CBD and moments from key 2032 Olympic precincts, <a href="https://www.apartments.com.au/new-apartments/quartet-milton-33-manning-street-milton-qld-4064">Quartet</a> will deliver 131 one, two, three, and four-bedroom apartments priced from $1 million to $4.2 million, combining elevated design with a wellness-focused lifestyle offering.&nbsp;

[smartcode_project:default project_id=108736 project_image_fid=368000]

Goldfields’ Chief Executive Officer, Lachlan Thompson, said the appointment of <a href="https://www.apartments.com.au/builders/binah-constructions">BINAH</a> marked an important milestone for the project.&nbsp;

“Bringing BINAH on board as our construction partner will allow us to bring our vision for Quartet forward with a team that has a proven track record of delivering high-quality residential projects,” Thompson said.&nbsp;

“We’ve taken a considered approach to progressing the site because we wanted to deliver the whole package. Buyers ultimately back great developers, great projects and great builders, and with Quartet, we’ve made sure all three line up.

“People want certainty, they want to know the project will be built, that the homes will be delivered as promised, and that the developer stands behind the quality of what they create. That’s something Goldfields has built its reputation on over many years.”&nbsp;

[smartcode_project:default project_id=108736 project_image_fid=367993]

BINAH’s Managing Director, Khalil Hafza, said the company was proud to be partnering with Goldfields to deliver Quartet.&nbsp;

“Quartet is an exciting project to bring to life, particularly given the level of detail in the residences and the extensive rooftop amenity planned for the building,” Mr Hafza said.&nbsp;

“Our focus is on delivering a high-quality build that brings that design vision to life and creates homes residents will enjoy for many years.”&nbsp;

[smartcode_project:default project_id=108736 project_image_fid=367999]

The facilities at Quartet have been feared towards the roof, with a&nbsp;25 metre lap pool, spa, sauna and cold plunge, and a communal barbecue area and alfresco.

Town planning was designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and brought to life by Melbourne-based architecture firm Cera Stribley.

<a href="https://www.apartments.com.au/interior-designers/cera-stribley">Cera Stribley</a> Co-Founder and Managing Principal, Dom Cerantonio, said the project responds to both its riverside setting and Brisbane’s evolving urban character.&nbsp;

“Quartet has been designed to sit comfortably within its riverside context, offering a refined take on urban living through well-planned, generously proportioned residences that will stand the test of time,” Mr Cerantonio said.&nbsp;

“An emphasis on natural light, natural textures and carefully selected finishes from timber and marble to premium appliances, creates calm, considered interiors designed for comfort and long-term liveability.”&nbsp;

Construction of Quartet will commence in July 2026, with completion anticipated in Q4 2028.

[smartcode_project_cta:default project_id=108736]

Construction to commence on 131-residence tower designed around wellness-focused living

Goldfields appoints BINAH for Quartet apartments in Milton

The first partnership between national developer <a href="https://www.apartments.com.au/developers/fortis">Fortis</a> and Adelaide-based developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> has made a strong start, with the pair securing $21 million in unconditional sales at <a href="https://www.apartments.com.au/new-apartments/one-four-four-hutt-adelaide-144-hutt-street-adelaide-sa-5000">One Four Four Hutt</a>&nbsp;on the edge of the Adelaide CBD.

Over a third of apartments have been snapped up in the boutique 44-apartment project on the corner of Hutt Stret and Wakefield Road. Local downsizers and owner-occupiers wanting to remain in Adelaide's tightly-held southeast quarter have been the most prominent purchasers.

The DKO-designed, mixed-use development is one of the few new apartment projects in the precinct, an area where new housing supply has remained limited despite continued demand from buyers wanting to stay close to the CBD, Victoria Park and Adelaide's established east-end amenities.

[smartcode_project:default project_id=151233 project_image_fid=375378]

Fortis Head of Development SA Arthur Dendrinos said the early sales reflected both the strength of the local owner-occupier market and confidence in the Hutt Street location.

"The level of early commitment reflects the confidence local buyers have in the Hutt Street precinct," Dendrinos said.

"Many purchasers are long-term east-end residents who love the area and want to stay connected to the neighbourhood. They recognise the value of a well-designed, well-located development.

"Our partnership with Otello has been central to this success, and the number of unconditional sales at this stage only strengthens our confidence in the South Australian market."

[smartcode_project:default project_id=151233 project_image_fid=375379]

Otello Director Daniel Harris said the sales result also highlighted the lack of new apartment opportunities within the Hutt Street precinct.

"One Four Four Hutt has clearly resonated with buyers, with strong early sales reflecting both the appeal of the Hutt Street corridor and the lifestyle on offer," Harris said.

"The activated ground-floor retail has also been a key drawcard, with purchasers responding to the vision of a more vibrant and connected streetscape, not just the residences themselves."

One Four Four Hutt will deliver 44 one, two and three-bedroom apartments, alongside a collection of penthouses, above a ground-floor retail offering designed to further activate the Hutt Street precinct.

Construction is scheduled to commence in the third quarter of this year, with completion anticipated in 2028.

[smartcode_project_cta:default project_id=151233]

Fortis Head of Development SA Arthur Dendrinos said the early sales reflected both the strength of the local owner-occupier market and confidence in the Hutt Street location.

Fortis makes Adelaide debut with Otello as One Four Four Hutt records strong early sales

St Leonards

Since being founded in the early 1990s by current chairman&nbsp;Michael Abolakian, the Sydney-based developer Hyecorp has offered a different level service than the rest of the industry.

In&nbsp;a&nbsp;first for apartment developments, Hyecorp has launched their latest residential&nbsp;project, Audrey with the Live Your Way initiative,&nbsp;providing buyers the option to design and customise their home during the construction stage.

Hyecorp offer a five-hour consultation with the group&#39;s Interior Designer, ensuring each buyer can fully customise every detail of their home when purchased off the plan.&nbsp;

Landing on Canberra Avenue in St Leonards, Audrey will feature 84 apartments across 12 levels, with the renowned local architecture firm, SJB handling the designs.&nbsp;

[smartcode_project:default project_id=110379 project_image_fid=198678]

Inspired by the lush, green landscape of the nearby Newland Park, as well as the timeless classicism of New York, Audrey will comprise a mix of one, two and three-bedroom apartments, with&nbsp;many of the residences featuring&nbsp;studies or multipurpose rooms.&nbsp;

The built form of Audrey uses vertical forms with raw and tactile materials to form layers of contrasting elements, playing with light and shade to create&nbsp;a visual distinction between levels and residences.

Sculpted balconies and terraces are home to cascading gardens and planters enhancing the indoor-outdoor, as well as providing sweeping views to the park and Sydney city skyline.

[smartcode_project:default project_id=110379 project_image_fid=192151]

Throughout each apartment, expansive proportions are enhanced by panoramic&nbsp;windows, which frame the surrounding vistas whilst drawing in natural light.

Buyers will be at home with a suite of exclusive amenity across a number of shared spaces, including the rooftop with an alfresco dining space and barbecue, which will offer city skyline views.

Indoors there&#39;s a&nbsp;lap pool and spa, a cinema, music room, and a personal training studio. Audrey residents also benefit from an onsite daycare centre, as well as an onsite caf&eacute;.

[smartcode_project:default project_id=110379 project_image_fid=198978]

Hyecorp has created a collection of residences to suit a range of lifestyles, from growing families, to downsizers and single professionals, with&nbsp;the group&#39;s signature aesthetic an identifiable feature,&nbsp;particularly in the&nbsp;one-bedder apartments.

With bespoke joinery,&nbsp;which has been cleverly designed for a seamless extension from the kitchen into the open-plan living, the homes incorporate&nbsp;a built in entertainment unit and integrated kitchen storage as just some of the standard inclusions.&nbsp;

One, two and three-bedroom apartments can still be purchased within Audrey, with the Live Your Way scheme only available to buyers who purchase in the earlier stages of development.

[smartcode_project_cta: project_id=110379]

Designed by renowned Sydney architects, SJB, in collaboration with award-winning designer, Jackson Teece, Audrey delivers 84 apartments across 12 levels, with a limited number of one, two and three-bedders still remaining.



alisonwarters@gmail.com

'Live Your Way' at Hyecorp's Audrey apartments in St Leonards

Sydney-based integrated property group, Top Spring Australia, has received official approval&nbsp;for a&nbsp;masterplanned community in St Leonards, on Sydney’s upper North Shore.

The project will be known as The Newlands, across 1.26 hectares&nbsp;at 21-41 Canberra Avenue and 18-32 Holdsworth Avenue, and will see&nbsp;330&nbsp;new residences built across five buildings, one for each of the site’s five ‘superlots’.

The project is consistent with the Lane Cove Council’s St Leonards South Masterplan, gazetted in 2020, which allows for increased residential densities in the area south of the Pacific Highway and west of the North Shore rail line.

The project’s Bates Smart-designed scheme integrates with the topography of this part of St Leonards, and sees the five buildings graduated in height to allow for the site’s significant gradient, while also providing residents with outlooks over the adjacent Newlands Park.

The Newlands’ three parkland facing buildings will be eight, nine and ten storeys in height, with some storeys part levels, due to the site’s steep incline, while the two rear buildings will reach eight and eleven storeys in height.

<a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards"><img alt="" data-entity-type="" data-entity-uuid="" height="1108" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-07_at_12.56.04_pm.png" width="1586" /></a>

Residences will come in a range of configurations, including one, two and three-bedroom apartments, two-storey townhouses, as well as several penthouses, with all residences designed to maximise a combination of parkland views, natural light and ventilation.

The project will create a highly connected ground plane that includes a 6-metre-wide, east-west site link, connecting Holdsworth and Canberra Avenues, as well as to a proposal by council to extend the pocket park at the end of Holdsworth Avenue.

In addition to the pocket park, the proposal will deliver a central 2,500sqm green spine that celebrates the transition from St. Leonards’ urban centre along Berry Creek and down to Sydney Harbour’s shore. The green spine plays on the dense forest planting of the gullies along Berry Creek, giving The Newlands community an immersive landscape journey and a new type of backyard for apartment dwellers.

Meanwhile, rooftop terraces with large entertaining spaces and lushly landscaped frontages will grace all buildings.

<a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards"><img alt="" data-entity-type="" data-entity-uuid="" height="1106" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-07_at_12.56.16_pm.png" width="1630" /></a>

Sydney Ma, Managing Director of Top Spring Australia, confirmed his company’s exciting vision for the site.

“At Top Spring Australia we insist on enhancing the local environment of the areas in which we develop, and at The Newlands, we really want to improve the local community’s use of the site by providing access to enticing green spaces that can become an integral place for locals to gather, socialise, exercise and relax,”&nbsp;Ma said.

“Working closely with Lane Cove Council and our architects Bates Smart, we have envisioned a design that successfully negotiates the sloping site by ‘stepping’ the buildings down the hill so that everyone can benefit from the views of Newlands Park.

“Meanwhile, we have also included landscaped platforms that will enhance views towards and from the park, ensuring The Newlands really does have a feeling of being situated within its own private green space.”

&nbsp;

Launch of The Newlands through Colliers will be in mid-2022, with construction commencing in late 2022.

<a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards"><img alt="" data-entity-type="" data-entity-uuid="" height="1102" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-07_at_12.56.45_pm.png" width="1502" /></a>

“We have established a reputation founded on the creation of exceptional living spaces that combine the latest trends in art, architecture and design, and our plans for The Newlands are certainly no different,” Ma added.

“We are working with some of Australia’s best designers to create homes that speak to the bushland quality of the surrounding area, with material palettes utilising a natural, robust and earthy selection of materials and finishes.

“Health and wellbeing is also a strong consideration, with the scheme designed to maximise the number of dwellings that are naturally cross-ventilated, while more than 7 in 10 dwellings will have more than one aspect.

[smartcode_project_cta:default project_id=24509]

&nbsp;

The project will see 330 new residences built across five buildings, one for each of the site’s five ‘superlots’.



Top Spring secure The Newlands, St Leonards masterplan approval

St Leonards is set for a new mega-development, with the integrated property group&nbsp;Top Spring Australia lodging plans for 329 residences as part of a 1.26 hectare masterplanned community.

The site,&nbsp;at 21-41 Canberra Avenue and 18-32 Holdsworth Avenue, will see the apartments built across five buildings, three fronting Canberra Avenue and Newlands Park, and the other two buildings with a frontage to Holdsworth Avenue.

The three buildings facing the parkland will be eight, nine and 10 storeys in height (some storeys will be part levels due to the site&rsquo;s incline), while the two rear buildings will be eight and 11 storeys.

The Bates Smart-designed buildings will include a mix of one, two and three-bedroom apartments, two-storey townhouses, as well as several penthouses. They have been designed to be stepped in height, to maximise views of the surrounding green spaces.

<img alt="" height="683" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/top_spring_green_st_leonards.jpg" width="1200" />

The plan provides public access to Newlands Park from Holdsworth Avenue via a six-metre-wide site link, as well as a 2,500 sqm communal garden at the centre of the project for a mix of public, private and communal uses.

The end of Holdsworth Avenue is to be closed by Council and turned into a pocket park. Three of the buildings will feature communal rooftop terraces providing sunny outdoor spaces, and all buildings will have landscaped setbacks from all street frontages.

Sydney Ma, Director and General Manager of Top Spring Australia, says the building forms step back and down the hillside revealing a series of stepped terraces, apartments and landscaped platforms towards Newlands Park.

&ldquo;With this project, we will be consistent with our vision to develop properties that incorporate the character of the local area by not only reflecting, but also enhancing, their local environment.

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/top_spring_canberra_ave.jpg" width="1200" />

&ldquo;Here, we want to create an ecologically responsible, vibrant new community, nestled within lushly planted corridors, edges and setbacks, to further enhance not just Newlands Park, which the project faces, but also the other existing green spaces in the St Leonards area.

&ldquo;Inspired by the local Cammeraygal creek corridors, our fa&ccedil;ade approach interprets the contrasting conditions of the rocky fern gullies and vertical eucalypt forest. This is achieved with the bases of the buildings having a heavily planted sandstone plinth, above which vertical fa&ccedil;ade columns contrast with floating horizontal edge beams.

&ldquo;The buildings will sit comfortably within the urban environment of St Leonards, as well as the bushland quality of the surrounding area, with the material palette using a natural, robust, earthy selection of materials and finishes.

<img alt="" height="860" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/holdsworth_ave_top_spring_st_leonards.jpg" width="1200" />

&ldquo;We have worked long and hard on this design and look forward to working with the Lane Cove Council to bring it to life.&rdquo;

About Top Spring Australia

Launched in Hong Kong in 1993, Top Spring International is a globally-renowned integrated property group, with specialties in residential and commercial development, asset management, fund management and education.

To date, the company has completed more than 20 completed projects in 12 cities around the world.

Top Spring Australia is a division of Top Spring International, established in 2017 with the goal of redefining urban living in Australia.

The Bates Smart-designed buildings will include a mix of one, two and three-bedroom apartments, two-storey townhouses, as well as several penthouses

Top Spring Australia to develop 329 apartments and townhouses in Sydney's St Leonards

<a href="/developments/sydney-nsw">Sydney’s</a> latest development, aptly entitled <a href="/buildings/the-landmark-st-leonards-500-pacific-highway-st-leonards-nsw-2065">The Landmark</a>, has recently embarked on the construction of the towering 43-storey building. The momentous day&nbsp;was celebrated with a symbolic soil turning, with special guests including Lane Cover Council Mayor Pam Palmer and General Manager Craig Wrightson in attendance. With architecture led by A+ Design Group, the structure has been inspired by the fluidity of Sydney’s harbour,&nbsp;depicted in the building’s organic, undulating&nbsp;façade. The Landmark&nbsp;is also set to&nbsp;become the tallest mixed-use residential building on Sydney’s lower North Shore, standing at an impressive 138 metres.

<blockquote>
“This new piece of iconic architecture will redefine the skyline of St Leonards and give a new identity to the area. We are excited to open a new chapter and to see this life-changing project taking shape. Our architectural vision is becoming a reality.”
</blockquote>

Tony Leung, CEO of A+ Design Group

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.17.30_pm.png" rel="gallery-all" title="The soil turning ceremony at The Landmark site at St Leonards."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.17.30_pm.png?itok=HjBMhSd6" title="The soil turning ceremony at The Landmark site at St Leonards." width="580" /></a>

<figcaption>The soil turning ceremony at The Landmark site at St Leonards.</figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.17.53_pm.png" rel="gallery-all" title="Aerial view of the site."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="384" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.17.53_pm.png?itok=9cabvmYh" title="Aerial view of the site." width="580" /></a>

<figcaption>Aerial view of the site.</figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.11.00_pm.png" rel="gallery-all" title="The Landmark exterior render. "><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="321" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.11.00_pm.png?itok=fisMbJbL" title="The Landmark exterior render. " width="580" /></a>

<figcaption>The Landmark exterior render.</figcaption>
</figure>

A+ Design Group have worked with the Lane Cove Council since the initial master planning stages, to ensure the design is carefully considered, and well thought out.

<blockquote>
“We are pleased to be working in collaboration with Hutchinson Builders and Warren &amp; Mahoney’s project teams… A+ Design Group are honoured to be appointed as Design Guardian, to ensure design intent and quality standards of the project are met throughout construction.”
</blockquote>

Tony Leung, CEO of A+ Design Group

The Landmark's residents will enjoy spectacular views of Sydney's&nbsp;harbour, including iconic landmarks such as the Sydney Harbour Bridge and the Sydney Opera House. Once built, residents will have access to 5-star resort-style amenities including a luxurious swimming pool, well-equipped music room, sky terrace, a business centre, children’s play centre, an on-site library, private dining room, virtual golf course and state-of-the-art cinema.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.08.23_pm.png" rel="gallery-all" title="On-site music room."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="356" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.08.23_pm.png?itok=46JjWL3Z" title="On-site music room." width="580" /></a>

<figcaption>On-site music room.</figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.08.13_pm.png" rel="gallery-all" title="Movie theatre available for resident use."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="357" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.08.13_pm.png?itok=LlE4zJ-t" title="Movie theatre available for resident use." width="580" /></a>

<figcaption>Movie theatre available for resident use.</figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.14.37_pm.png" rel="gallery-all" title="The Landmark's indoor pool."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="320" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.14.37_pm.png?itok=5cdtAYud" title="The Landmark's indoor pool." width="580" /></a>

<figcaption>The Landmark's indoor pool.</figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.14.55_pm.png" rel="gallery-all" title="The Landmark's Sky Lounge."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="287" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.14.55_pm.png?itok=XYQklkKJ" title="The Landmark's Sky Lounge." width="580" /></a>

<figcaption>The Landmark's Sky Lounge.</figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.14.47_pm.png" rel="gallery-all" title="Virtual golf course."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="315" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.14.47_pm.png?itok=T6gRnJ7w" title="Virtual golf course." width="580" /></a>

<figcaption>Virtual golf course.</figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.14.23_pm_0.png" rel="gallery-all" title="Children's play area."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="359" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.14.23_pm_0.png?itok=zfHiF9he" title="Children's play area." width="580" /></a>

<figcaption>Children's play area.</figcaption>
</figure>

The development is slated for completion by 2022.

Olivia Round

St Leonards' new 43-storey tower 'The Landmark' commences construction

<html><body>
The sustained urban renewal of the combined St Leonards and Crows Nest corridor continues with TWT Property Group looking to rezone a substantial site.

At 55-89 Chandos Street and 58-64 Atchison Street, a trio of towers are envisaged under plans conceived by Architectus. The fresh bid for rezoning is TWT's second tilt for the St Leonards land parcel after Allen Jack + Cottier spearheaded an initial rezoning scheme during August 2014.

At that time approval for building envelopes as tall as 172 metres were sought.

In the interim development expectations for the St Lenoards and Crows Nest corridor have heightened primarily due to the Crows Nest New Metro Station. Acting as a catalyst for urban renewal, a number of rezoning applications are in progress seeking substantial skyscrapers.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image15_15.jpg" rel="gallery-all" title="In the heart of what will become an even higher density precinct. Image: Architectus"><img alt="" class="image-article-full-width-580px" height="366" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image15_15.jpg?itok=tfTtYGx1" title="In the heart of what will become an even higher density precinct. Image: Architectus" width="580"></a>

<figcaption>In the heart of what will become an even higher density precinct. Image: Architectus</figcaption></figure>During April Eastern Property Alliance Pty Ltd <a href="/news/crows-nest-earmarked-for-sydneys-next-major-skyscrapers">sought to transform what is known as the five ways intersection site</a> into skyscrapers spanning 193 and 162 metres. The 3,010 square metre plot addressed 395-419 Pacific Highway is considered a southern gateway location for both Crown Nest and St Leonards.

Conceived by Sydney Design Studio, the development sees a mixed-use programme inclusive residential, commercial and hotel aspects above a predominantly retail podium.

More recently <a href="/news/stockland-plans-to-supersize-its-st-leonards-renewal-opportunity">Stockland revealed intentions for a similar sized twin-towered scheme</a> reaching 63 levels and 45 levels at 601 Pacific Highway. 500 plus apartments monopolise Stockland's intentions across both towers, with a highly activated mixed-use 7 level common podium below.

TWT Property Group's latest rezoning bid is comparatively more modest. The site now contains thirteen commercial buildings, with three towers slated to take their place.

Architectus note "The architectural design scheme presents a mixed-use precinct which provides for a series of building heights that visually define the St Leonards Centre/CBD. The sites B4 zoning allows for a range of land use options. The site lends itself to being located in an existing Creative Arts Precinct in which the site currently accommodates a range of art studios, creative retail, gallery and community uses."

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image12_15.jpg" rel="gallery-all" title="Street level perspective. Image: Architectus"><img alt="" class="image-article-full-width-580px" height="270" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image12_15.jpg?itok=iAKi-lNY" title="Street level perspective. Image: Architectus" width="580"></a>

<figcaption>Street level perspective. Image: Architectus</figcaption></figure>Consequently a creative arts space is located in the podium levels of the mixed use buildings. It along with a publicly accessible 700 square metre plaza and a new through site link form the backbone of the proposal's public uses.

Additionally 438 apartments, 1,650 square metres of retail and 3,258 square metres of commercial space is included. 

Whilst North Sydney Council considers the merits of TWT's St Leonards proposal, the developer has a number of additional residential projects in motion. <a href="/buildings/newlife-bondi-junction-59-oxford-street-bondi-junction">New Life Bondi Junction</a> and <a href="/buildings/newlife-darling-harbour-495-harris-street-ultimo">New Life Darling Harbour</a> are both at construction with a combined yield of some 260 apartments, whilst a Candalepas Associates-designed is earmarked for Sydney's CBD.

The developer also holds approval for a maiden Melbourne apartment project at <a href="/new-apartments/180-albert-road-south-melbourne">180 Albert road, south Melbourne</a>.
</body></html>

silvermb

TWT sees a new purpose for a rezoned St Leonards site

<html><body>
Two months after planning manoeuvres came to light facilitating the <a href="/news/crows-nest-earmarked-for-sydneys-next-major-skyscrapers">delivery of two major skyscrapers</a> in Crows Nest, adjacent St Leonards is potentially up for a similar scaled development.

Stockland has identified 601 Pacific Highway as ripe for renewal, enlisting Architectus to create a planning proposal for two hulking towers. Spanning 63 levels and 45 levels, the taller of the duo would stand in excess of 200 metres above ground, whilst the shorter tower reaches approximately 145 metres.

The real estate company's push to realise the site's rezoning and subsequent redevelopment in light of the NSW Department of Planning and Environment's strategic review of the St Leonards and Crows Nest Station Precinct which effectively encourages intensified development in the area.

Standing as a 13 storey A-grade office tower approximately 200 metres east of St Leonards railway station, the asset was acquired by Stockland during 2003 with an eye toward a future renewal opportunity.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image19_21.jpg" rel="gallery-all" title="Podium space envisaged for 601 Pacific Highway. Planning image: Architectus"><img alt="" class="image-article-full-width-580px" height="388" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image19_21.jpg?itok=oI3RgCZe" title="Podium space envisaged for 601 Pacific Highway. Planning image: Architectus" width="580"></a>

<figcaption>Podium space envisaged for 601 Pacific Highway. Planning image: Architectus</figcaption></figure>That opportunity will under preliminary plans see Stockland chase a predominantly residential outcome across the site, with 500 plus apartments expected. 5 basement levels for 255 vehicles are included, as is a mixed-use 7 level podium.

Office space is slated for the podium above ground floor retail uses, with community uses such as a childcare facility spanning almost 2,000 square metres.

In Architectus' words "601 Pacific Highway will be a place where people shop, live, work and gather to enjoy the public domain. The indicative concept design results in a design outcome which will strengthen the town centre with active and engaging ground floors and provide an iconic tower appropriate to its strategic location."

Stockland's bid is comfortably the largest proposal for the suburb north of Sydney's CBD. St Leonard's rapidly evolving skyline sees existing towers reaching 35 levels, whilst 617-621 Pacific Highway has approval in place for a 180 metre residential tower.

617-621 Pacific Highway abuts the Stockland site.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image20_14.jpg" rel="gallery-all" title="601 Pacific Highway and within an emerging built form context. Planning image: Architectus"><img alt="" class="image-article-full-width-580px" height="231" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image20_14.jpg?itok=yJ6Vu9wG" title="601 Pacific Highway and within an emerging built form context. Planning image: Architectus" width="580"></a>

<figcaption>601 Pacific Highway and within an emerging built form context. Planning image: Architectus</figcaption></figure>Urbis compiled the Economic Impact Assessment for the rezoning of 601 Pacific Highway, making note that "North Sydney, Macquarie Park and Chatswood are now deemed more attractive for traditional office occupiers. The following market evidence indicates that this trend will continue for the foreseeable future:"

Although 7,500 square metres of office space is included within the planning proposal, it falls short of the existing building's 12,600 square metres.

Architectus' design for 601 Pacific Highway would potentially accommodate as many as 1,187 new residents, whilst an additional full-time, part-time and casual retail job rate of 109 is envisaged.

For Stockland, the bid to rezone the Pacific highway site reaffirms its re-emergence as an apartment developer in Sydney. The St Leonards site aside, Stockland has in its keep a 6237 square metre Rosebery development site and a <a href="https://www.propertycouncil.com.au/Web/Content/News/National/2018/McDonald_s_moves_into_apartments_with_Stockland.aspx">Parramatta opportunity</a> on the corner of Church Street and Victoria Road with plans approximately 350 apartments.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image22_17.jpg" rel="gallery-all" title="A childcare centre with a view. Planning image: Architectus"><img alt="" class="image-article-full-width-580px" height="317" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image22_17.jpg?itok=HaJtuM15" title="A childcare centre with a view. Planning image: Architectus" width="580"></a>

<figcaption>A childcare centre with a view. Planning image: Architectus</figcaption></figure>
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Stockland plans to supersize its St Leonards renewal opportunity

<html><body>
Eighty Eight, a $1.6 billion mixed-use development in St Leonards, had over 200 people attend its sales launch last week.
70 percent of the 180 Stage 1 apartment sold on the day.
The <a href="https://www.realestate.com.au/project/eighty-eight-by-jqz-st-leonards-600020070" target="_blank">three tower development</a> by Sydney-based Chinese developer JQZ is being marketed by Sunny Properties Group.
JQZ paid $295 million for the site last year, beating out the likes of Mirvac and Meriton who showed interest.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/21/88%20two.jpg" alt="">
Opposite St Leonards train station, the Christie Street development will comprise two residential towers of 47 and 26 storeys, holding 654 apartments in total.
It will include one, two and three bedroom apartments, as well as five five bedroom penthouses featuring their own private lifts. 
There will also be a 15-storey commercial and retail building fronting the Pacific Highway.
The project will commence construction in August, with completion expected by 2022.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/21/88%20one.jpg" alt="">
According to Sunny Wu, managing director of Sunny Properties Group, the level of interest in Eighty Eight is proof positive that apartment buyers are still active in the Sydney market.
“While in some respects the Sydney apartment market has flattened out a little, we’re finding that quality projects with first-rate amenities are still attracting plenty of attention – and Eighty Eight By JQZ is a perfect example,” said Wu.
“All apartments will enjoy amazing views, while residents will also have access to a rooftop pool, a lively ground floor laneway retail and dining precinct, a major supermarket, and the future St Leonards Public Library.”
Designed by leading Australian architects PTW, Eighty Eight By JQZ will feature a 30,000 sqm combined commercial and retail space, and will adjoin the future St Leonards open-air civic plaza, which will branch out over the neighbouring railway line.
Mrs Wu said the timing of the sales launch was also important in terms of garnering significant buyer interest.
“We’ve deliberately timed the launch of Stage 1 sales at Eighty Eight By JQZ to coincide with Chinese New Year celebrations, capturing international buyers who are enjoying Sydney’s warmer weather during the Chinese winter.
 
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jrobinson-rf4aSBido9

Apartment purchasers still very active at new 88, St Leonards development

<html><body>
St Leonards continues to experience office erosion as stock continues to be earmarked for residential conversion, according to Colliers International’s latest Metro Office report.
“In the last six months, St Leonard’s vacancy has increased from 8.5 percent to 10.5 percent in January 2017 as tenants relocate to other metro markets.
"As previously mentioned, Jacobs relocated from 100 Christie Street to North Sydney, adding a contraction of just over 7,000sqm, Flexirent downsized 4,100sqm and 2UE vacated 170 Pacific Highway handing back 1,094sqm of space.
"These tenant moves contributed to a total six month net absorption of -22,878sqm,” the report stated.
Despite vacancy increases there is a strong prospect of a stronger residential market Colliers says.
“18,489sqm was withdrawn in the six months to January 2017 with a further 30,000sqm due to come offline in 2017, 18,500sqm of which will be redeveloped into a mixed use precinct (88 Christie Street).
"The next supply cycle will commence in 2019 with Royal North Shore Hospital fully committing to a 36,000sqm office development as well as Mirvac’s 472 Pacific Highway (4,600sqm).
"Mooted schemes are Gore Hill Technology Park (46,000sqm) and 18-20 Atchison Street (2,300sqm).
"Despite the increase in vacancy, the prospect of a stronger residential market encroaching on existing buildings and development space saw net face rents increase 21.5 per cent and incentives fall two percentage points in the last 12 months, with positive net effective rental growth expected to continue over the remainder of 2017,” the report advised.
A 144 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-st+leonards-501981146">St Leonards</a> (above) has been listed for sale.
Similarly a 67 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-st+leonards-502235646">St Leonards</a> (below) has been listed for $425,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/02/St%20Leonards-2.jpg" alt="">
A 96 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-st+leonards-502146674">51/6-8 Herbert Street</a>, St Leonards (below) was sold in April.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/02/516-8%20Herbert%20Street.jpg" alt="">
Similarly a 4605 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-st+leonards-501551463">2 Chandos Street</a>, St Leonards (below) was sold in April.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/02/2%20Chandos%20Street.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Office erosion in St Leonards continues: Colliers

<html><body>
Centuria Property Funds Ltd has won the fund of the year award for the second year running, with its 203 Pacific Highway Fund receiving the Unlisted Property Fund of the Year 2016.
Last year, Centuria’s 8 Central Ave Fund No 2. also won the fund of the year at the Property Investment Research (PIR) awards. 
The Centuria 203 Pacific Highway is a closed-ended, single asset fund. It is a 50% leasehold of an A-grade office building located in The Forum in St Leonards business district north of the Sydney CBD. The remaining 50% leasehold is held by the Centuria Metropolitan REIT (CMA). 
Jason Huljich, CEO of Unlisted Property Funds at Centuria, said the award was a feather in the cap for Centuria and “reinforces our view that Sydney’s North Shore market is performing strongly and will continue to deliver returns to investors over the long term”. 
The fund was earlier rated AA by PIR.
203 Pacific Highway was constructed in 2000 and features modern amenities and views of the Sydney CBD. It has 11,737 sqm of net lettable area and is fully leased to tenants such as Primary Healthcare, Cardno and Verizon. The Weighted Average Lease Expiry (WALE) is 4.4 years. 
Huljich said the outlook for St Leonards is positive, as residential conversions continue to reduce office stock, while the Sydney Metro project will improve connectivity for workers. 
“Falling vacancies and strong rental growth as a result of residential conversions and the withdrawal of commercial office space in the area is contributing to rental growth and the performance of this market. The Fund is an excellent example of Centuria identifying a well- performing asset in an excellent location, with opportunities to add value for investors,” said Huljich. 
Centuria Property Funds is a wholly-owned subsidiary of ASX-listed fund manager Centuria Capital Limited, which has more than $2 billion in funds under management. 
 
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jonathanchancellor-7SQnKwU6yx

Centuria fund wins Unlisted Property Fund of the year: PIR awards 

<html><body>
Loftex launched Embassy Tower with success at the weekend at St Leonards. 
Some 142 plus apartments were sold within the first few hours - out of the 205 released. 
CBRE said the primary buyer today were owner occupiers. Embassy Tower is due for completion in 2019.
Studios From 41sqm From $650,000
1 bedroom From 50 sqm From $695,000
2 bedroom From 75 sqm From $1,175,000
3 bedroom From 103 sqm From $1,550,000
"Most of the buyers today were owner occupiers who are coming from the North Shore line around areas such as Lindfield, wanting to be in close proximity to the city," said agent Ben Stewart. 
Its two bedders were most popular apartments with prices up to $2 million. There was a three bedroom apartment sold for $4.5 million.
Embassy Tower, the $280 million mixed-use development set, is the tallest tower designed by architects Nettletontribe.
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